Oberon Investments Group PLC Acquisition of Nexus Investments Evergreen EIS (0559X)
December 18 2023 - 1:00AM
UK Regulatory
TIDMOBE
RNS Number : 0559X
Oberon Investments Group PLC
18 December 2023
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Which is part of the United
Kingdom domestic law pursuant to the Market Abuse (Amendment) (EU
Exit) Regulations (SI 2019/310) ("UK MAR").
18 December 2023
Oberon Investments Group plc
('Oberon')
Acquisition of Nexus Investments Evergreen EIS Scale Up Fund
('Nexus EIS Fund')
Oberon Investments Group plc (AQSE: OBE), the boutique
investment management, wealth planning and corporate broking group,
is pleased to announce that, further to the Company's announcement
on 20 July 2023, it has received FCA approval for the change of
control in Nexus Investment Management Limited and has therefore
completed the acquisition of the Nexus Investments Evergreen EIS
Scale-Up Fund ('Nexus EIS Fund') from Nexus Central Management
Services Limited (the 'Acquisition').
The Acquisition was funded through the issue of 7.5m new
ordinary shares in Oberon. The Acquisition will contribute a profit
before tax after management expenses and admin expenses and Oberon
is focused on providing a seamless transfer of investment
management services to investors in the Nexus EIS Fund.
The Nexus EIS Fund has a 15-company strong portfolio across
Digital, Data, EdTech and Health which strengthens Oberon's
offering to investors who wish to benefit from Enterprise
Investment Scheme tax relief ('EIS') and companies seeking EIS
investment. The Acquisition of the Nexus EIS Fund will augment
Oberon's existing 'Oberon EIS Fund' and complements our offer to
growing companies seeking investment through Oberon Capital and
Oberon Private Ventures divisions, thus further enhancing Oberon's
expertise in these verticals.
An application will be made to the Aquis Stock Exchange
("Aquis") for the 7.5m new ordinary shares to be admitted to
trading. Admission is expected to take place, and dealings on Aquis
in the ordinary shares is expected to commence, at 08:00 on or
around 21 December 2023.
As a result of the issue of the new ordinary shares in Oberon,
in accordance with the FCA's Disclosure Guidance and Transparency
Rules, following admission of the new ordinary shares, the
Company's issued share capital consists of 615,086,322 Ordinary
Shares of 0.5p, each with one voting right. The Company does not
hold any Ordinary Shares in treasury. Therefore, the total number
of voting rights in the Company is 615,086,322.
Oberon Chief Executive Officer Simon McGivern said :
"Having now received the change of control approval from the FCA
we are delighted to be able to reinforce our existing EIS offerings
and welcome the Nexus EIS Fund investors to Oberon".
The directors of Oberon accept responsibility for this
announcement.
Enquiries:
Oberon Investments Group plc 020 3179 5300
Simon McGivern / Galin Ganchev
Novum Securities Limited (AQSE 020 7399 9400
Corporate Adviser to the Company)
Richard Potts, George Duxberry
Oberon Capital (Broker to the Company) 020 3179 5300
Mike Seabrook, Nick Lovering
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NEXBIBDDDGBDGXU
(END) Dow Jones Newswires
December 18, 2023 02:00 ET (07:00 GMT)
Oberon Investments (AQSE:OBE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Oberon Investments (AQSE:OBE)
Historical Stock Chart
From Sep 2023 to Sep 2024